Harbor Homes II Inc (EIN 020373020) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Henry Och

Phone

6038823616

Tax Period

2022-07-01 to 2023-06-30

Harbor Homes II Inc, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $215K in total revenue in fiscal year 2022.

Mission

Residential and support services for persons challenged by mental illness and homelessness.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $195,373

Investment Income $164

Other Revenue $19,094

TOTAL REVENUE $214,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,534

Other Expenses $212,557

TOTAL EXPENSES $212,557

Year-over-Year Comparison

	2022	2021	Change
Revenue	$214,631	N/A	N/A
Expenses	$212,557	N/A	N/A
Net Income	$2,074	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$912,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Arnold III	Board Member	0.25	Director	$0	$0	$0
Vijay Bhatt	Board Member	0.25	Director	$0	$0	$0
Vincent Chamberlain	Board Member (start 2/2023)	0.25	Director	$0	$0	$0
Rosemarie Dykeman	Board Member	0.25	Director	$0	$0	$0
Sekondi Foster	Board Member	0.25	Director	$0	$0	$0
Alison C Madden MD	Board Member	0.25	Director	$0	$0	$0
Lanna Martin	Board Member	0.25	Director	$0	$0	$0
Dan Sallet	Board Chair	0.25	Officer Director	$0	$0	$0
Rick Plante	Vice Chair	0.25	Officer Director	$0	$0	$0
Jared Freilich	Treasurer	0.25	Officer Director	$0	$0	$0
Ed McDonough	Asst. Treasurer	0.25	Officer Director	$0	$0	$0
Joel Jaffe	Secretary	0.25	Officer Director	$0	$0	$0
Laurie Goguen	Asst. Secretary	0.25	Officer Director	$0	$0	$0
Peter Kelleher	President & CEO (end 10/2022)	0.25	Officer	$0	$34,771	$385,741
Henry Och	COO (end 10/22); CEO (eff 10/22)	0.25	Officer	$0	$19,733	$278,340
Ana Pancine	CFO	0.25	Officer	$0	$41,306	$248,400

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$214,631	$212,557	$260,956	$2,074
2020	$171,999	$168,039	$308,109	$3,960
2019	$170,245	$154,617	$329,761	$15,628
2018	$156,588	$170,469	$351,273	$-13,881

Harbor Homes II Inc